Next 3 Weeks Will Shape Miami Casino Bankruptcy

By Nathan Hale

Law360, Miami (October 02, 2013, 6:20 PM ET) -- The bankruptcy of Casino Miami Jai-Alai's owner entered a critical period following a hearing Wednesday in Florida bankruptcy court, as negotiations over the next three weeks will likely set the course for debtor Florida Gaming Centers Inc.

U.S. Bankruptcy Judge Robert A. Mark denied the FGC's motion to reject a $129 million stock purchase agreement with casino operator Silvermark LLC, but the ruling came down without prejudice and the debtor said it intends to try to convince a newly formed creditors committee that an internal reorganization...